About Investment Advisors and Brokers: the Fox and the Crow

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Consultant, India
🔥NEW We all know Aesop's story of 'The Fox and the Crow'. The main objective of the fox in the story is to grab the piece of cheese from the crow who is holding it in her beak on the limb of a tree overhead. No matter how much the fox hates the crow in it's mind, the fox proclaims the crow as an exquisite beauty and says her voice is as lovely as her beauty. The crow was fawned by all his talks and opens her beak to sing a song but alas, the cheese drops on the ground. The greedy fox delightedly grabs it. This story gives us a fantastic lesson that we should never trust the advice of people around us, especially when they are offering us advices. When it comes to 'Investing', like perhaps in company stock, corporate bonds, index funds, or mutual funds, investment advisors and brokers approach us. They pretend to offer their best advice to multiply our investments like magic. However, it comes at a cost. We need to pay a handsome fee in return for the advice. After falling in their trap, (...) Read more? Sign up for free

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